The Eternal Q3 FY26 Results have sent shockwaves through the Indian stock market, showcasing a massive 202% revenue surge to ₹16,315 crore. This financial performance marks a structural metamorphosis for the parent company of Zomato and Blinkit, as it transitions from a food aggregator into a quick commerce giant.
For Indian investors and market enthusiasts, these results highlight the aggressive expansion of the quick commerce sector. The report signifies a pivotal moment where digital infrastructure and consumer behavior are driving unprecedented growth in the B2C and B2B segments.
Financial Snapshot: Massive Scale and Explosive Growth
Eternal’s performance in the third quarter was defined by an explosive topline, fueled by a fundamental change in its revenue recognition model. The company reported a 73% jump in consolidated net profit, reaching ₹102 crore compared to ₹59 crore in the same period last year.
The following table summarizes the Eternal Q3 FY26 Results key financial metrics compared to the previous year:
| Key Metric | Q3 FY26 (Current) | Q3 FY25 (YoY) | Growth (%) |
|---|---|---|---|
| Revenue from Operations | ₹16,315 Cr | ₹5,405 Cr | +201.8% |
| Consolidated Net Profit | ₹102 Cr | ₹59 Cr | +72.9% |
| Adjusted EBITDA | ₹364 Cr | ₹284 Cr | +28.2% |
| Other Income | ₹348 Cr | ₹252 Cr | +38.1% |
The analysis of these numbers shows that while revenue grew over 200%, the Adjusted EBITDA growth remained more modest at 28.2%. This suggests that the company is reinvesting heavily into infrastructure and market share acquisition.
Blinkit: The New Growth Engine Hits Profitability
The star of the Eternal Q3 FY26 Results was undoubtedly Blinkit. For the first time in its history, the quick commerce arm turned Adjusted EBITDA positive, posting a profit of ₹4 Crore. This is a massive milestone for a segment previously thought to be a cash-burn machine.
This achievement is largely due to Blinkit’s transition to an inventory-led model. By recording the full value of goods sold as revenue rather than just a commission, the company has significantly boosted its reported topline. On a "like-for-like" basis, the organic revenue growth still stands at a robust 64%.
Infrastructure expansion remains aggressive. Blinkit added 211 stores this quarter, bringing the total to 2,027 stores. Despite delays caused by pollution-led construction bans (GRAP) in Delhi-NCR, the trajectory shows no signs of slowing down.
Food Delivery and B2B Segment Performance
While quick commerce captured the headlines, the core food delivery business (Zomato) continued to serve as the company's reliable cash cow. The food delivery segment reached record Adjusted EBITDA margins of 5.4%, demonstrating strong operational efficiency.
- Food Delivery NOV: Net Order Value grew by 16.6% YoY, proving sustained demand in the Indian market.
- Hyperpure: The B2B restaurant supply arm reached break-even with a ₹1 Crore profit, establishing a strategic moat.
- District (Going Out): Losses widened to ₹121 Crore as the company builds its live events and movie ticketing platform.
Related Articles from MoneyMinted.in:
Leadership Change: Albinder Singh Dhindsa as Group CEO
Perhaps the biggest surprise alongside the Eternal Q3 FY26 Results was the announcement that Deepinder Goyal will step down as Group CEO effective February 1, 2026. He will take on the role of Vice Chairman to focus on "higher-risk exploration."
The leadership reins will be handed to Albinder Singh Dhindsa, the founder of Blinkit. This move confirms that Eternal is pivoting its identity. The company is now positioning itself as a quick commerce leader that happens to deliver food, rather than the other way around.
Frequently Asked Questions
Why did Eternal's revenue jump by 202%?
The massive increase is primarily due to Blinkit's shift to an inventory-led model, where the total value of goods sold is recorded as revenue instead of just the commission fee.
Is Blinkit profitable now?
Yes, as per the Eternal Q3 FY26 Results, Blinkit turned Adjusted EBITDA positive for the first time with a profit of ₹4 crore.
Who is the new CEO of Eternal?
Albinder Singh Dhindsa, the founder of Blinkit, will take over as the Group CEO starting February 1, 2026, succeeding Deepinder Goyal.
Key Takeaways
- Revenue Milestone: Eternal crossed the ₹16,000 crore mark in a single quarter.
- Quick Commerce Pivot: Blinkit is now the primary driver of the company's growth and strategy.
- Stable Core: Zomato's food delivery remains highly profitable with 5.4% margins.
Disclaimer
This article is for informational purposes only and does not constitute financial, tax, or legal advice. Please consult a qualified professional or a SEBI-registered advisor before making investment decisions.
For professional inquiries regarding MoneyMinted blog, contact us at contact@moneyminted.in
